1. As required by the Companies (Auditors Report), Order, 2015 ("the Order") issued by the Central Government of India in terms of Section 143 (11) of the Act, we give in the Annexure, a statement on the matters specified in paragraphs 3 and 4 of the Order.

2. As required by section 143 (3) of the Act, we report that :

a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.

b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books.

c) The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.

d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

e) On the basis of written representations received from the directors, as on March 31, 2015 taken on record by the Board of Directors, none of the directors is disqualified as on March 31 , 2015, from being appointed as a director in terms of Section 164 (2) of the Act.

f) With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

i) The Company has disclosed the impact of pending litigations in Note 29(Contingent Liabilities) on its financial statements.

ii) The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

iii) There were no amounts which were required to be transferred, to the Investor Education and Protection Fund by the Company.

(Referred to in paragraph 1 under Report on other Legal & Regulatory requirements' of our Report of even date)

i. a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.

b) The Company has a regular programme of physical verification of its fixed assets through which all fixed assets are verified, in a phased manner over a period of three years. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets. As informed to us , no material discrepancies were noticed on such verification as carried out under the above programme during the current year.

ii. a) The inventories except goods in transit have been physically verified by the management at reasonable intervals during the year.

b) In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business.

c) In our opinion and according to the information and explanations given to us, the Company has maintained proper records of inventories and no material discrepancies were noticed on physical verification.

iii. The Company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under Section 189 of the Companies Act, 2013 as per information and explanations given to us. Consequently the provisions of clauses 3(iii)(a) and (iii)(b) of the Order are not applicable.

iv. In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with the size of the Company and nature of its business with regard to purchase of inventories, fixed assets and for the sale of goods & services. During the course of our audit we have not observed any major weakness in such internal control system.

v. As the company has not accepted any deposits from the public, the provisions of clause 3 (v) of the Order are not applicable.

vi. The Central Government has not prescribed maintenance of cost records u/s 148(1) of the Companies Act 2013 and the rules framed there under.

vii. a) According to the information and explanations given to us and the records of the company examined by us, the company has been generally regular in depositing undisputed statutory dues, including Provident Fund, Employees' State Insurance, Income Tax, Sales Tax, Wealth Tax, Service Tax, Duty of Customs, Duty of Excise, Value Added Tax, Cess, and other statutory dues with the appropriate authorities during the year except some delays in respect of Service Tax, Sales Tax, Excise duty and Tax deducted at source . We are informed that there are no undisputed statutory dues as at the year end, outstanding for a period of more than six months from the date they become payable except Income tax Rs 170044.

b) There are no dues in respect of income tax, sales tax, wealth tax, service tax, duty of custom, duty of excise, value added tax and cess that have not been deposited with the appropriate authorities on account of any dispute other than those mentioned below:-

Nature of dues      Amount (Rs.)     Period to which     Forum where
                                     amount relates      the dispute
                                                         is pending 

ESIC                  154,649        1985-86 &           High Court of
                                     1986-87             Punjab &
                                                         Haryana

Income Tax &           51,114        2006-07, 2007-08,   Deputy
Fringe benefit Tax                   2010-11             Commissioner
                                                         of Income Tax

viii. The company does not have any accumulated losses as at the end of the financial year. The company has not incurred cash losses during the current year but had incurred cash losses in the immediately preceding financial year.

ix. According to the records of the Company examined by us and on the basis of information and explanations given to us, the Company has not defaulted in repayment of dues to banks & financial institutions. The company has not obtained any borrowings by way of debentures.

x. As per information & explanations given to us the company has not given guarantees for loans taken by others from banks or financial institution.

xi. In our opinion and according to the information and explanations given to us, term loans have been applied for the purpose for which they were obtained.

xii. To the best of our knowledge and according to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the year.

                                             For JAGDISH SAPRA & CO.

                                     (Firm Registration No. 001378N)

                                              CHARTERED ACCOUNTANTS

PLACE : NEW DELHI                                   (JAGDISH SAPRA)

DATED : 28th May, 2015                                     PARTNER

                                             Membership No. 009194